ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

CommentarySubscribe to Commentary

The Accuracy of Agency Ratings

Recently, regulators as well as market participants have raised serious concerns about the validity of external credit ratings in predicting the true status of corporate default risk in India. A comparison is made of the historical rating trends in India along with the global benchmarks. The credit rating agencies need to provide more insights about corporate rating movements to enable banks to derive early warning signals about inherent credit risk. The kind of risk indicators that need to be disclosed has been highlighted.

Pro-incumbency Favoured the BJP in Himachal Pradesh

The 2019 Lok Sabha elections in Himachal Pradesh saw an all-time high polling percentage. The Bharatiya Janata Party emerged as a party that was supported across various sections irrespective of caste, gender, age and education statuses, as reflected in its escalated vote share.

What Sealed BJP’s Victory in Chhattisgarh?

The Bharatiya Janata Party, which was decimated by the Congress in the assembly polls held in November 2018, bounced back in Chhattisgarh by recording an impressive victory in the 2019 Lok Sabha elections. While a strong anti-incumbency sentiment worked against the BJP in the assembly elections, Narendra Modi’s image-building exercise helped the party’s candidates win in the Lok Sabha polls.

Access and Equity Aspects of Higher Education in Jeopardy

An assessment of the draft National Education Policy 2019 is undertaken in this article in reference to the gross enrolment ratio. The draft policy does not review the current situation in higher education and in the light of past policy documents. It needs to focus on the access and equity aspects of higher education since these areas have not received the required attention.

Romer and Nordhaus’s Nobel Winning Contributions

The contributions of Paul Romer and William Nordhaus to both economic theory and policy are critically assessed here. By undertaking a brief history of economic thinking prior to their pioneering work, it validates the Nobel award. However, it is argued that the Nobel Prize has mostly been awarded to work that employs neoclassical, or more accurately, marginalist assumptions. On the policy front, it is suggested that India should formulate its economic policies by drawing inspiration from some of the work by Samuel Bowles and Mariana Mazzucato alongside that of Romer and Nordhaus.

Jammu and Kashmir

The 2019 parliamentary elections reaffirmed the fact of regional divide on religious lines in Jammu and Kashmir. Banking on Narendra Modi and Hindutva ideology, the Bharatiya Janata Party swept the polls in Jammu. Amidst the historic low participation in south and central regions of Kashmir division, the National Conference made a solid comeback in the Valley, while People’s Democratic Party’s seemingly unrelenting downslide continued.

Decisive Vote for UDF in Kerala

Two factors that influenced the election outcome in Kerala were the anti-incumbency wave against the National Democratic Alliance government at the centre and the Left Democratic Front government’s hasty decision to implement the verdict of the Supreme Court on Sabarimala temple. The Bharatiya Janata Party’s attempt to exploit the temple issue in the election against the LDF government failed due to the strong sentiment against the BJP-led NDA government in Kerala. Hence, the United Democratic Front received a bigger advantage in the election owing to its soft policy on the temple issue as well as its being seen as an alternative to the NDA government at the centre.

Climate Change and the Yellow Vest Movement

The Yellow Vest movement has been spreading from France to its neighbouring countries, as a response to the monstrous levels of inequality. Intellectuals on the left who have not been too impressed by the movement and want the overall transformation of neo-liberal capitalism should remember that when many parts of the world seem to be on the right-wing populist trajectory, any organised or deliberately non-organised movement can set off changes and effects in different, even unexpected, ways.

Assam 2019: NDA Deepens Its Dominance

The 2019 elections, held against the backdrop of massive protests against the Citizenship (Amendment) Bill, 2016, were seen as a litmus test for the Bharatiya Janata Party in terms of retaining its base among the state’s indigenous communities that were bitterly opposed to the bill. The party’s success in neutralising opposition to the controversial bill amongst non-Muslims and diverting attention towards the increase in the percentage of Muslim population, marked a continuation of the trend witnessed in the 2016 assembly elections, when it managed to patch up a “rainbow coalition” with regionalist groups raising the issue of protection of land and identity from “illegal Bangladeshi Muslim migrants.”

Explaining the BJP’s Comprehensive Victory in MP

The 2019 Lok Sabha elections in Madhya Pradesh took place against the backdrop of the assembly elections of 2018 wherein the Bharatiya Janata Party put up an extraordinary performance. This article makes an attempt to explain the reasons for the party’s success in the 2019 elections in the state.

Electoral Response to the Citizenship (Amendment) Bill in the North East

An examination of survey data is undertaken to understand why the Citizenship (Amendment) Bill issue did not affect the poll fortunes of the Bharatiya Janata Party in the North East. While it has caused widespread outrage in the region in the past many months, why then did it not dent the National Democratic Alliance’s electoral performance? Poll results in Manipur, Meghalaya and Nagaland are examined since these were the only states in the North East (other than Assam) where the Centre for the Study of Developing Societies–Lokniti conducted a post-poll survey. Local-level factors seem to explain the outcome better.

An Outlier in the North

The most significant development of the 2019 Lok Sabha elections in Punjab was the victory of the Congress, making the state an outlier in almost all of India, except for Kerala. Neither the Bharatiya Janata Party’s narrative of national security nor its strong leader could find much traction in the state. The significant loss of the core social constituency’s (read the Sikhs) support of the Shiromani Akali Dal and the decline or almost decimation of the Aam Aadmi Party were important developments of this election.

Pages

Back to Top